The global industrial battery chargers market was valued at around US$ 1.5 Bn in 2017.

The industrial battery chargers market is expected to experience robust growth, at an estimated 8.3% CAGR over 2018–2028.

Asia Pacific excluding Japan (APEJ) and North America are expected to remain dominating regional markets for industrial battery chargers during the forecast period.

Healthy investments in infrastructure projects, such as the Trump Infrastructure Plan of US$ 1,500 Bn in the US, are expected to increase the footprints of various end-use industries, and drive the growth of the industrial battery chargers market.

China, India, and South Africa are expected to create noteworthy growth opportunities for the manufacturers of industrial battery chargers over the forecast period.

Prominent American and European companies are shifting or expanding their manufacturing facilities of industrial battery chargers to emerging economies, owing to the availability of economical labour and raw material.

The market for industrial battery chargers in countries such as China, India, and Indonesia is projected to benefit significantly from this demand shift.

The IT & data centers segment is expected to be the most attractive end use sector in the industrial battery chargers market throughout the forecast period, owing to a surge in the IT industry. This segment is projected to occupy nearly 1/4th of the global industrial battery chargers market revenue.

Worldwide ICT spending has increased significantly due to the rising adoption of technologically-advanced products, and frequent launches of new IT & communication technologies during the past few years.

The subsequent increase in the demand for power grids and energy storage units in in turn estimated to fuel the sales volume of industrial battery chargers over the forecast period.

The overarching goal of the deployment of industrial battery chargers is to make a grid that is safer, more secure, cost-effective, and considerably sustainable. Switching from non-renewable to renewable energy is one of the primary factors driving the demand for industrial battery chargers in the utility sector.

According to the World Bank statistics, around 78 GW solar and wind energy generation capacity was installed by the end of FY 2016, and this is expected to increase to 378 GW by the end of FY 2021.

Rising Power Consumption by the Population Augmenting the Demand for Industrial Battery Chargers

In 2018, according to EIA (United States of Energy Information Administration), the global population was 7.6 Bn, and it is estimated that, energy utilization by the total world population will increase by 48% from now to the end of 2040.

Most of the generated demand is expected to originate from the Middle East & Africa, Europe, and Asian countries. Consistently expanding energy consumption will thus promote the demand for industrial batteries, thereby boosting the sales of industrial battery chargers.

Digitization and Technological Developments in the Industrial Battery Chargers Market

The ongoing industrial revolution is built on a digital revolution, combining multiple technologies leading to extraordinary shifts in the industry. It is transforming the entire electrical industry with emerging technologies and evolving business strategies.

Smart charging with the advent of IoT (Internet of Things) is expected to gain significant traction in the global industrial battery chargers market over the projected period.

The emergence of a large number of manufacturers from the Asia Pacific region offering industrial battery chargers at competitive price points, has created a huge price variation in the industrial battery chargers market at a global level.

In terms of technology, the ferroresonant chargers segment is estimated to hold a major chunk of the global industrial battery chargers market in terms of value and volume, while the high frequency chargers segment is projected to witness lucrative growth in the industrial battery chargers market over the forecast period, owing to their reduced size and weight.

Industrial battery chargers are a key part of any industrial power network that defines a battery’s health and longevity. Thus, industrial battery chargers play an important role in the performance and life of industrial batteries. The industrial battery chargers market report covers market analysis through basis point analysis (BPS), incremental dollar opportunities of each segment in the respective regions, market attractiveness analysis, Y-o-Y growth for the historical period 2013–2017, and forecast analysis for 2018–2028, with 2017 as the base year.

Overview of the Industrial Battery Chargers Market Report

Industrial Battery Chargers Market: Executive Summary

The industrial battery chargers market report begins with an executive summary, covering a gist of the overall report, highlighting the global industrial battery chargers market overview in terms of value and volume through various segments. This section also covers key supply- and demand-side trends, technology roadmap, and Future Market Insights (FMI) analysis and recommendations for the global industrial battery chargers market.

Industrial Battery Chargers Market: Introduction

The market introduction section of the report covers the market definition, market taxonomy, segmental definition, and research scope of the industrial battery chargers market.

The market forecast section provides a pricing analysis of the industrial battery chargers market on the basis of regional fronts by technology, wherein, weighted average price has been calculated to arrive at global weighted average prices. This chapter also covers global market analysis on the basis of different segments, along with regional segmental analysis in terms of volume and value, incremental dollar opportunity analysis, Y-o-Y growth, market attractiveness index, and market share.

Industrial Battery Chargers Market: Emerging Countries Analysis

This section covers the industrial battery chargers market analysis for key emerging countries, such as China, that are projected to create significant growth opportunities for industrial battery charger manufacturers around the globe.

Industrial Battery Chargers Market: Competition Analysis

In the final section of the report, a detailed competition analysis has been done with market share analysis pertaining to the industrial battery chargers market, and performance of industrial battery charger manufacturers by a tier-down structure of the global market. This section also covers the detailed company profiles of key players in the industrial battery chargers market.

The first stage of the industrial battery chargers market research entailed the formulation of an initial hypothesis, which was considered from primary as well as secondary approaches. To analyse the industrial battery chargers market share and competition analysis, we tracked the key developments in the industrial battery chargers market, such as collaborations, expansions, mergers & acquisitions, new orders, product launches, and awards and recognition for companies operating in the market. Competition benchmarking has been provided for the top 5 competitors with respect to the sales performance of industrial battery chargers.